What is the closing book inventory? Opening Inventory $36,684 Gross Purchases $137,148 RTV $2,430 Net additional Markup $432 Freight $870 Net Markdowns $7,218 Gross Sales $26,943 Customer Returns $2,143 Net Transfers Out $368 Employee Discounts $910

What is the closing book inventory? Opening Inventory $59,430 Gross Purchases $415,580 RTV $5,160 Freight $3,590 Markdowns $1,510 Gross Sales $82,540 Customer Returns $6,480 Transfers Out $3,590 Transfers In $4,310 Employee Discounts $910 Markdown Cancelations $790

Answer rating: 100% (QA)

To calculate the closing book inventory we need to consider the opening inventory purchases returns ... View the full answer